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Wyszukujesz frazę "company structure" wg kryterium: Temat


Tytuł:
Structurization of mining companies
Strukturyzacja przedsiębiorstw górniczych
Autorzy:
Kudełko, J.
Powiązania:
https://bibliotekanauki.pl/articles/216842.pdf
Data publikacji:
2016
Wydawca:
Polska Akademia Nauk. Instytut Gospodarki Surowcami Mineralnymi i Energią PAN
Tematy:
mining company
company structure
company organization
przedsiębiorstwo górnicze
struktura przedsiębiorstwa
organizacja przedsiębiorstwa
Opis:
A structure is defined as a combination of organizational units and business processes by technological, organizational, hierarchical and other bonds. It is one of the management tools. Mining companies are characterized by a dynamic and static structure. A dynamic structure includes technological processes, which are determined by mining technology, the organization of mining works and a work system. The static structure consists of technological processes infrastructure and includes a group of organizational units connected by the specific standards and processes of their operation. The type of the structure, particularly in its static part, is defined considering the hierarchy and organizational units classification. Taking the hierarchy into account, we distinguish: linear, functional, linear-staff and matrix structures. Considering organizational units classification, we distinguish: functional, divisional, processing and mixed structures. Each structure can be described by the following features: specialization, hierarchization, centralization and formalization. The features mentioned above have a significant impact on the mining company activity. [...]
Strukturą określamy połączenie jednostek organizacyjnych i procesów przedsiębiorstwa poprzez więzi technologiczne, organizacyjne, hierarchiczne i inne. Jest ona jednym z narzędzi zarządzania. Przedsiębiorstwa górnicze charakteryzują się strukturą dynamiczną i statyczną. Struktura dynamiczna obejmuje procesy technologiczne, które zdefiniowane są przez technologię eksploatacji złoża, organizację robót i pracy oraz system pracy. Struktura statyczna stanowi natomiast infrastrukturę procesów technologicznych i obejmuje zespół jednostek organizacyjnych powiązanych określonymi standardami i procesami ich działania. Typ struktury – w szczególności w części statycznej – określamy zazwyczaj ze względu na hierarchię (struktury liniowe, funkcjonalne, sztabowo-liniowe i macierzowe) i grupowanie (struktury funkcjonalne, dywizjonalne, procesowe i mieszane) jednostek organizacyjnych. Każdą strukturę można scharakteryzować cechami, które mają znaczący wpływ na funkcjonowanie przedsiębiorstwa górniczego, to jest specjalizacja, hierarchizacja, centralizacja i formalizacja. [...]
Źródło:
Gospodarka Surowcami Mineralnymi; 2016, 32, 4; 157-179
0860-0953
Pojawia się w:
Gospodarka Surowcami Mineralnymi
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Struktura i organizacja kapitału w przedsiębiorstwie a jego wartość rynkowa
CAPITAL STRUCTURE AND ORGANIZATION OF AN ENTERPRISE AND ITS MARKET VALUE
Autorzy:
Igielski, Michał
Powiązania:
https://bibliotekanauki.pl/articles/419115.pdf
Data publikacji:
2012
Wydawca:
Uniwersytet Gdański. Wydział Ekonomiczny
Tematy:
value of the company
valuation of the company capital
company's capital structure
Opis:
For companies operating in the global economy, functioning on the basis of existing economic assumptions on equities becomes increasingly difficult. The main source of financing of business assets is shareholders (external sources) and profit remaining in the company (internal sources). Changing market conditions may lead to increased production costs. This imposes on financial managers the need for optimisation of the capital structure of a company. On one hand, they must seek to maximize the profitability of their equity, on the other hand should maintain the level of financial risk within the limits considered to be reasonable, that is not jeopardizing the functioning of the company in the future.
Źródło:
Współczesna Gospodarka; 2012, 3, 4; 11-18
2082-677X
Pojawia się w:
Współczesna Gospodarka
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Struktura kapitału właścicielskiego a wartość przedsiębiorstwa
Equity Structure and Company Value
Autorzy:
Sobolewski, Henryk
Powiązania:
https://bibliotekanauki.pl/articles/907621.pdf
Data publikacji:
2012
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
development
value of a company
ownership transformations
company equity structure
private capital
foreign capital
Opis:
The development and the resultant growth in the value of a company is achieved, among other things, by changing its equity structure. Ownership transformations, which have an impact on changes in company equity structure, should be given a required shape, character and pace; these transformations, therefore, should be controlled competently. Consequently, privatisation will be treated as a basic element of ownership transformation and as a factor responsible for changes in company equity structure. Research into three forms of capital at the Rzeczpospolita daily’s largest companies suggests that private capital, foreign capital included, is clearly prevalent. It has constantly, though unsteadily, been increasing its predominance over state capital.
Źródło:
Acta Universitatis Lodziensis. Folia Oeconomica; 2012, 262
0208-6018
2353-7663
Pojawia się w:
Acta Universitatis Lodziensis. Folia Oeconomica
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Przesłanki wyboru struktury kapitału - artykuł dyskusyjny
Determinants of Choice of Capital Structure
Autorzy:
Szczęsny, Wiesław
Powiązania:
https://bibliotekanauki.pl/articles/593440.pdf
Data publikacji:
2014
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Koszt kapitału
Struktura kapitału
Struktura kapitału przedsiębiorstwa
Wartość rynkowa przedsiębiorstwa
Capital cost
Capital structure
Company capital structure
Market value of enterprise
Opis:
The article is a contribution to the discussion of capital structure in the enterprises. I present the idea that capital structure in reality depends on the current changes in the economy. Theoretical models are based on arbitrary assumptions, which makes them very useful tool in the management of the company.
Źródło:
Studia Ekonomiczne; 2014, 198 cz 2; 74-85
2083-8611
Pojawia się w:
Studia Ekonomiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Impact of Financial Leverage on a Company’s Market Valuation
Autorzy:
Zimny, Artur
Powiązania:
https://bibliotekanauki.pl/articles/2121679.pdf
Data publikacji:
2021-09-03
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
financial leverage
capital structure
company financing
company valuation
Opis:
The purpose of the article is to examine the impact of leverage on the market valuation of companies. The article verifies two hypotheses: 1. the degree of leverage is an important factor that impacts the market valuation of companies; 2. for companies with a high level of leverage, the impact of this leverage on their valuation is negative, and for companies with a low level of leverage, the impact is positive. The methodology of the study includes a critical literature review and empirical research based on correlation and regression analysis, including univariate and multivariate regression. The analysis covered quarterly data of ten energy companies listed on the Warsaw Stock Exchange. An important component of the research was classifying those companies into several groups, depending on their level of debt ratio in relation to the industry median debt ratio. The results of the research: The literature review did not provide an unequivocal conclusion to the problem. The empirical analysis did not give grounds to reject the first hypothesis; however, the second one was rejected. The research showed positive correlation and regression coefficients between the debt ratio and the price to book value ratio for highly leveraged companies and negative ones for companies with a low level of debt. The results are surprisingly contrary to the expectations based on theoretical premises.
Źródło:
Finanse i Prawo Finansowe; 2021, Numer Specjalny; 199-214
2391-6478
2353-5601
Pojawia się w:
Finanse i Prawo Finansowe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Impact of Financial Leverage on A Company’s Market Valuation
Autorzy:
Zimny, Artur
Powiązania:
https://bibliotekanauki.pl/articles/1022854.pdf
Data publikacji:
2020-12-31
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
financial leverage
capital structure
company financing
company valuation
Opis:
The purpose of the article is to examine the impact of leverage on the market valuation of companies. The article verifies two hypotheses: 1. the degree of leverage is an important factor that impacts the market valuation of companies; 2. for companies with a high level of leverage, the impact of this leverage on their valuation is negative, and for companies with a low level of leverage, the impact is positive.The methodology of the study includes a critical literature review and empirical research based on correlation and regression analysis, including univariate and multivariate regression. The analysis covered quarterly data of ten energy companies listed on the Warsaw Stock Exchange. An important component of the research was classifying those companies into several groups, depending on their level of debt ratio in relation to the industry median debt ratio.The results of the research: The literature review did not provide an unequivocal conclusion to the problem. The empirical analysis did not give grounds to reject the first hypothesis; however, the second one was rejected. The research showed positive correlation and regression coefficients between the debt ratio and the price to book value ratio for highly leveraged companies and negative ones for companies with a low level of debt. The results are surprisingly contrary to the expectations based on theoretical premises.
Źródło:
Finanse i Prawo Finansowe; 2020, 4, 28; 185-190
2391-6478
2353-5601
Pojawia się w:
Finanse i Prawo Finansowe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Sytuacja finansowa polskich spółek a modele kształtowania struktury kapitałowej
Financial Condition of Polish Companies and Models of Capital Structure Formation
Autorzy:
Lewiński vel Iwański, Stanisław
Tomczak, Sebastian
Wilimowska, Zofia
Powiązania:
https://bibliotekanauki.pl/articles/586323.pdf
Data publikacji:
2013
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Analiza dyskryminacyjna
Finanse przedsiębiorstwa
Spółki giełdowe
Struktura finansowa
Struktura kapitału przedsiębiorstwa
Wartość rynkowa przedsiębiorstwa
Company capital structure
Discriminant analysis
Enterprise finance
Financial structure
Market value of enterprise
Stock market companies
Opis:
Running a business is not possible without suitable resources of financing. Determination of rational financial structure is a necessary condition for efficient operation of a company. Financial resources as well as their configuration may lead either to development or to bankruptcy of a company. Thus, the decision about financial structure is a matter of fundamental importance to subsequent operation of organization. Moreover, this decision is made by the management during continuous company's activity. Unfortunately, both the description of the very process of reaching the decision and its validation seem to be really hard to formalize and to operationalize. Despite the fact that there have been carried out analyses, the issue of managing the financial structure remains to be resolved. Above all, the difficulties reside in the process of devising a suitable and universal model which would be widely accepted, particularly in the context of Polish capital market. This paper brings up modern models for constructing the capital structure as well as models for analyzing the efficiency of managing such a structure. Polish capital market issue, given in question is also illustrated in the context of administering financial structure in the Polish companies (including the ones which went out of business on stock.
Źródło:
Studia Ekonomiczne; 2013, 154; 61-71
2083-8611
Pojawia się w:
Studia Ekonomiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Ownership Structure and Company Performance – Research and Literature Review
Autorzy:
Varcholová, Tatiana
Beslerová, Stela
Powiązania:
https://bibliotekanauki.pl/articles/1597433.pdf
Data publikacji:
2013
Wydawca:
Wyższa Szkoła Informatyki i Zarządzania z siedzibą w Rzeszowie
Tematy:
Ownership forms
ownership structure
performance
privatization
private company
Opis:
The aim of this article is to summarize the results of published researches conducted in the area of influence of ownership forms on companies and financial performance and to highlight the specifics of these relations in the environment of transition economies. Several authors have documented greater efficiency of private companies compared to state-owned. According to different studies, an alternative option for transition economies is foreign ownership. Recent studies show that the effect of ownership forms on companies and financial performance is more significant in Eastern European countries compared to developed countries. However, study results are often contradictory, therefore they require additional research.
Źródło:
Finansowy Kwartalnik Internetowy e-Finanse; 2013, 9, 2; 24-34
1734-039X
Pojawia się w:
Finansowy Kwartalnik Internetowy e-Finanse
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
VALUATION OF EMCINSMED PLC. – HOW DOES A COST OF CAPITAL THAT TRACKS CAPITAL STRUCTURE INFLUENCES THE VALUE OF A COMPANY? (Zastosowanie technik iteracyjnych w wycenie przedsiebiorstwa – wycena EMCINSMED S.A.)
Autorzy:
Patena, Wiktor
Powiązania:
https://bibliotekanauki.pl/articles/599430.pdf
Data publikacji:
2010
Wydawca:
Wyższa Szkoła Informatyki i Zarządzania z siedzibą w Rzeszowie
Tematy:
CAPITAL STRUCTURE
COMPANY VALUATION
DCF
ITERATIONS
LOGICAL LOOPS
Opis:
DCF is the most respected method of company valuation. However, it does have a flaw related to the fact that the weights (share of debt and equity in total financing) that are used are based on book values. The problem may be overcome by using a technique based on iterations. In a real-life case, when one has to deal with numerous parameters and time periods, a numerical solution seems to be the only feasible approach. It is a chain of formulae that becomes so integrated that the information between cash flows and cost of capital moves freely. Loops run along columns (from V to WACC, and from E to k) and lines (from one year to another). The cost of capital 'tracks' the capital structure and changes accordingly. The valuation is recursive, going backwards in time. In general, the recursive method of company evaluation overcomes a fundamental problem that is often ignored by many other methods: the fact that the cost of capital depends on the financial structure. Here in the paper, the valuation of Emcinsmed plc. company is done in order to present the i-DCF valuation method. The company is highly leveraged, hence it serves as a good example.
Źródło:
Finansowy Kwartalnik Internetowy e-Finanse; 2010, Special Issue; 15-27
1734-039X
Pojawia się w:
Finansowy Kwartalnik Internetowy e-Finanse
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Zastosowanie analizy sieci do oceny struktury organizacji i wyznaczania kierunków jej zmian
Application of network analysis in evaluating organizational structure and determining its future shape
Autorzy:
Zbieg, Anita
Powiązania:
https://bibliotekanauki.pl/articles/419778.pdf
Data publikacji:
2015
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
organizational structure
network analysis
organizational network
company performance
Opis:
The article presents the result of an empirical study that compares the formal structure of a company with its less formal counterpart: the network of cooperation, flow of information, knowledge and decision between employees. An empirical study surveys 374 employees from two companies about their position in formal structure and their connections with other employees. The conducted analysis examines the relationship between company structural characteristics and performance, as one of studied company performs less effective than other. The paper examines such issues as: the level of convergence of both structures, the degree of compliance of formal and informal authority and the allocation of network resources. In a company characterized by higher performance we observed higher level of convergence of both structures, higher degree of compliance of the position of the employee with the level of their informal authority, and higher level of support provided by the managers. Results suggest that the comparison of formal and informal structure of the company provides information about its performance that is difficult to obtain in any other way. Finally, presented managerial implications refer to the specific ways how to improve the organizational structure on the basis of information obtained by analyzing the organizational network.
Źródło:
Nauki o Zarządzaniu; 2015, 1 (22); 71-90
2080-6000
Pojawia się w:
Nauki o Zarządzaniu
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Productivity effects of the ownership concentration in Polish employee-owned companies
Autorzy:
Matuszewska-Pierzynka, Agnieszka
Powiązania:
https://bibliotekanauki.pl/articles/22446452.pdf
Data publikacji:
2018
Wydawca:
Instytut Badań Gospodarczych
Tematy:
privatisation process
direct privatisation
employee-owned company
productivity
ownership structure
Opis:
Research background: The conducted empirical research on the influence of the degree of ownership concentration in the employee?owned companies on their sales revenues thematically fits into the issue of efficiency of the direct privatisation method, in particular giving a state?owned enterprise for use against payment. Purpose of the article: The main goal of this article is to verify the research hypothesis stating that in employee?owned companies an increase in the degree of ownership concentration leads to an increase in sales revenues. Methods: The empirical studies were carried out on a sample of 15 employee-owned companies from Mazowieckie Province, which concluded the agreement of giving a state?owned enterprise for use against payment from 2000 to 2004 and using the data from financial statements handed in by these entities to the National Court Register for a ten?year period after the privatisation year. The verification of research hypothesis was based on the estimation of a Cobb?Douglas production function by Ordinary Least Squares method for two variants, differing in the way of measuring the degree of ownership concentration in investigated employee?owned companies. Findings & Value added: The research hypothesis formulated in this paper was verified negatively as the increase in the degree of ownership concentration in employee?owned companies caused the decrease in their sales revenues. The conducted empirical research also suggests that sales revenues in examined employee?owned companies peak at some intermediate/optimal level of ownership concentration.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2018, 13, 4; 781-798
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Struktura akcjonariatu jako determinanta polityki dywidend – analiza na podstawie spółek giełdowych
Autorzy:
Wypych, Mirosław
Powiązania:
https://bibliotekanauki.pl/articles/610289.pdf
Data publikacji:
2016
Wydawca:
Uniwersytet Marii Curie-Skłodowskiej. Wydawnictwo Uniwersytetu Marii Curie-Skłodowskiej
Tematy:
shareholding structure
dividend
listed company
struktura akcjonariatu
dywidenda
spółka giełdowa
Opis:
The decision on the payment of dividends by a company is determined by many factors. One of them is the separation of ownership and management, associated with this form of supervision in the enterprise. The control mechanism of the share holders over the managers is share holding structure that reflects the level of ownership’s concentration. The purpose of this article is to verify the research hypothesis, according to the degree of concentration of ownership, and whether the related form of corporate governance have an impact on decisions concerning net profits allocation and dividends payment. The research covers the community of 117 companies. The analysis covers the 2013–2015 period. The study confirmed the validity of the formulated hypothesis.
Decyzja o wypłacie dywidendy przez spółkę jest uwarunkowana wieloma czynnikami. Jednym z nich jest fakt rozdzielenia własności i zarządzania. Mechanizmem kontrolnym akcjonariuszy w stosunku do menedżerów jest struktura akcjonariatu odzwierciedlająca stopień koncentracji własności. Celem artykułu jest weryfikacja hipotezy, że struktura akcjonariatu i związana z nią forma nadzoru korporacyjnego mają wpływ na decyzje dotyczące podziału zysku i wypłaty dywidendy. Badaniem objęto 117 spółek giełdowych, płacących systematycznie dywidendy. Analiza obejmuje okres 2013–2015. Przeprowadzone badanie potwierdziło słuszność sformułowanej hipotezy.
Źródło:
Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia; 2016, 50, 4
0459-9586
Pojawia się w:
Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Capital Structure of Companies Listed at the Warsaw Stock Exchange and the COVID-19 Pandemic Effect on Their Risk
Autorzy:
Gajdka, Jerzy
Szymański, Marek
Powiązania:
https://bibliotekanauki.pl/articles/2033962.pdf
Data publikacji:
2021-12-09
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
capital structure
COVID-19
company risk
capital market
stock exchange
Opis:
Subject: The financial management of companies is examined in the context of the COVID-19 pandemic. Specifically, the relationship between their capital structure and risk changes during the pandemic is scrutinised. The purpose of the article: To determine how companies’ total, systematic and idiosyncratic risks changed during the COVID-19 pandemic depending on their capital structure based on a sample of organisations listed at the Warsaw Stock Exchange. Methodology: The study involves the use of a panel data regression model. Results of the research: The COVID-19 pandemic had an impact on the risk of overleveraged companies and underleveraged ones alike. Its influence on their total risk was weaker among the underleveraged organisations. Regarding systematic risk, its levels did not generally change significantly in the wake of the pandemic, but idiosyncratic risk, only in the case of the overleveraged companies increased statistically significantly.
Źródło:
Finanse i Prawo Finansowe; 2021, 4, 32; 153-166
2391-6478
2353-5601
Pojawia się w:
Finanse i Prawo Finansowe
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Information Asymmetry, Capital Structure and Equity Value of Firms Listed on the WSE
Autorzy:
Gralewska, Milena
Białek-Jaworska, Anna
Powiązania:
https://bibliotekanauki.pl/articles/2162647.pdf
Data publikacji:
2022-07-31
Wydawca:
Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
Tematy:
information asymmetry
capital structure
market value of the company
WACC
Opis:
The paper investigates the impact of capital structure and information asymmetry on the value of companies listed on the Warsaw Stock Exchange. The study was conducted using the ordinary least squares (OLS) method on a sample of 273 companies in 2017 and the GMM dynamic paneldata approach with instrumental variables. Data retrieved from the Notoria, Bloomberg and Orbis databases were used. The results show that despite its impact on reducing the cost of capital, increasing debt does not lead to an increase in equity value. Therefore, the benefi ts of higher short-term leverage are limited and visible only for long-term debt. On the other hand, despite bigger information asymmetry, companies are valued higher, which means that asymmetrical information does not necessarily hurt valuation in the short term but in the long term. The results contribute to the literature on firms’ use of leverage under information asymmetry, showing higher trust in cash flow than profits in books.
Źródło:
Journal of Banking and Financial Economics; 2022, 1(17); 17-41
2353-6845
Pojawia się w:
Journal of Banking and Financial Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Mapa Wiedzy w zarządzaniu przedsiębiorstwem budowlanym
The Knowledge Map in the management of a construction firm
Autorzy:
Hoła, B.
Polak, A.
Gawron, K.
Sawicki, M.
Gronowicz, W.
Powiązania:
https://bibliotekanauki.pl/articles/163418.pdf
Data publikacji:
2012
Wydawca:
Polski Związek Inżynierów i Techników Budownictwa
Tematy:
przedsiębiorstwo budowlane
zarządzanie przedsiębiorstwem
mapa wiedzy
struktura Mapy Wiedzy
building company
company management
knowledge map
knowledge map structure
Opis:
Przedsiębiorstwa budowlane działają w warunkach szybko zmieniającego się otoczenia, bardzo dużej konkurencji, oraz decydującej roli klientów. Sytuacja taka wymusza dużą elastyczność i umiejętność dostosowania się do zmieniających się warunków. Narzędziem wspomagającym procesy podejmowania decyzji w oparciu o zasoby zgromadzonej wiedzy może być tzw. Mapa Wiedzy. W artykule przedstawiono model Mapy Wiedzy dla przedsiębiorstwa budowlanego. Opisano przyjęte założenia dotyczące budowanego modelu oraz zdefiniowano dziedziny wiedzy, które powinny być ujęte na mapie. Przedstawiono również korzyści płynące z wdrożenia Mapy Wiedzy w przedsiębiorstwie.
Construction firms operate in a rapidly changing environment, in a situation where competition is great and where customers play a deciding role. This requires great flexibility and the ability to adapt to changing conditions. A possible tool supporting the processes of decision-making based on accumulated resources of knowledge is the so-called Knowledge Map. This article presents a model of the Knowledge Map for a construction firm. It describes the assumptions adopted for the model being constructed, and defines the fields of knowledge which should be included in the map. Also presented are the benefits of implementing the Knowledge Map in a business.
Źródło:
Przegląd Budowlany; 2012, R. 83, nr 11, 11; 47-51
0033-2038
Pojawia się w:
Przegląd Budowlany
Dostawca treści:
Biblioteka Nauki
Artykuł

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